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grantastic

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grantastic

Re: oil export post# 107

Friday, 04/13/2018 1:13:05 PM

Friday, April 13, 2018 1:13:05 PM

Post# of 186
This ship is newer than most or all of DAC's fleet and it got scrapped:

http://www.bbc.com/news/business-38653546

Why do you think Hanjin went bankrupt? That's right, in part, they had to pay huge expensive charters to DAC when the revenue they earned from those ships wasn't even 1/4th what they were paying

Same with Zim.

If DAC is lucky, no more of its counterparties will go bankrupt, but every day brings DAC one day closer to the end of its luxurious overpriced revenue stream.
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